redsun114
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March 01, 2020, 03:26:10 PM |
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Considering it is only affecting the miners maybe it won't affect as much as we imagine it may? I mean we are talking about something major for miners of course and those miners are a major part of crypto as well so all in all we are still talking about something important but people are reacting like "after halving price will be $100k!!!" or whatever and that is not really realistic.
Definitely, it will be affected and sure even if not right after halving, some time after halving the price will be affected as well and we will see it go up, but I doubt this halving could ever affect the price like going to $100k or whatever, it will at most make it $20k once again and that's about it.
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Pamadar
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March 01, 2020, 04:25:30 PM |
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Considering it is only affecting the miners maybe it won't affect as much as we imagine it may? I mean we are talking about something major for miners of course and those miners are a major part of crypto as well so all in all we are still talking about something important but people are reacting like "after halving price will be $100k!!!" or whatever and that is not really realistic.
Definitely, it will be affected and sure even if not right after halving, some time after halving the price will be affected as well and we will see it go up, but I doubt this halving could ever affect the price like going to $100k or whatever, it will at most make it $20k once again and that's about it.
It will make a good bounce and reached maybe the last time high or more than that, since each halving brings good effects to entire market and once the whales also played alongside with the fomos this would be an interesting event, many people will be attached back and place their respective position knowing that opportunities are being open to them. We have to consider the history and if it will repeated itself more chances to earned and make this business as more profitable.
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Oasisman
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March 01, 2020, 10:39:59 PM |
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Well, basically block halving will affect miners financially. Unfortunately, miners needs to upgrade their computer hardware such as GPU's for them to be able to solve blocks faster, since every halving, Bitcoin will become harder and harder to mine. Eventually, some small time miners will shutdown due to the expenses in upgrading, electric consumption, and the continues halving of rewards. Only those who have big mining farms is capable of sustaining their business.
You can't mine BTC profitably on a GPU or in your browser. The biggest factor in profitability is the cost of electricity. A small miner can make a good profit if they can get their electricity at a low cost. Agree, and that's very unfortunate if someone who has small mining hardware was located in a country where the electricity cost is high. I only know some countries that has a low electricity cost such as Sweden and China. I was thinking, maybe there are a lot of miners who's willing to move to this countries to get more profit than the usual profit they get from the places where electricity bills are so high.
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Trililing
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March 02, 2020, 10:59:56 AM |
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Considering it is only affecting the miners maybe it won't affect as much as we imagine it may? I mean we are talking about something major for miners of course and those miners are a major part of crypto as well so all in all we are still talking about something important but people are reacting like "after halving price will be $100k!!!" or whatever and that is not really realistic.
Definitely, it will be affected and sure even if not right after halving, some time after halving the price will be affected as well and we will see it go up, but I doubt this halving could ever affect the price like going to $100k or whatever, it will at most make it $20k once again and that's about it.
I agree with you that it won't go high as 100kusd on a snap after the halving. Dec2017 btc price surge won't happen again this year or the following year, expect 20k+ after 5 to 10 years.
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Latviand
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March 02, 2020, 02:23:24 PM |
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If I would be ask, we camnot be certain of such thing. Nut if we would base on the previous bitcoin halving, it have triggered the market price increase, so technically, assumptions would go in favor for an anticipated bullish uptrend in its market price. But as I have observed, things are different between the past bitcoin halving and the anticipated one. The prices before started to rise before the occurence of Bitcoin halving. While at this moment, given that the date of halving is getting near, thr prices are still bearish. So there could be two possibilities on the upcoming bitcoin halving: it could trigger a price or there will be nothing much of an effect. Considering it is only affecting the miners maybe it won't affect as much as we imagine it may? I mean we are talking about something major for miners of course and those miners are a major part of crypto as well so all in all we are still talking about something important but people are reacting like "after halving price will be $100k!!!" or whatever and that is not really realistic.
Definitely, it will be affected and sure even if not right after halving, some time after halving the price will be affected as well and we will see it go up, but I doubt this halving could ever affect the price like going to $100k or whatever, it will at most make it $20k once again and that's about it.
I agree with you that it won't go high as 100kusd on a snap after the halving. Dec2017 btc price surge won't happen again this year or the following year, expect 20k+ after 5 to 10 years. Well those who are expecting of such market value are just being absurd at this moment. It might be due to their frustrations because the market price has just started to show green marks this year unlike on the previous years especially since correction occured. They might be coping up with the frustrations by making unrealistic assumptions but the fact is we don't have assurance that the increase, if there will be any, will be that high.
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BrewMaster
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March 02, 2020, 03:40:35 PM |
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I agree with you that it won't go high as 100kusd on a snap after the halving. Dec2017 btc price surge won't happen again this year or the following year, expect 20k+ after 5 to 10 years.
and do you have any reason why you think that an 11 year long trend of rising in the same way (big percentages within short amount of time) is going to be changed this year and not just a small change a big change to small rise in a very long time? because i don't see any reason at all for this trend to change. in fact i could see this trend become even stronger meaning much bigger rises in much shorter time frames like 1500% rise in a year instead of 1000% in 2 years.
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There is a FOMO brewing...
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Free1bitco.in
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March 03, 2020, 06:42:39 AM |
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In essence, because halving has an effect on miners, it is very likely that transaction costs will rise again. in addition, the need for bitcoin makes prices more expensive, whereas mining no longer produces large amounts of bitcoin assets, however, mining yields will be reduced by half. if the demand for bitcoin increases, this will make prices rise, and many people speculate that the upcoming halving will make the price of bitcoin reached its new ATH.
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Hippocrypto
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March 03, 2020, 09:14:18 AM |
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In essence, because halving has an effect on miners, it is very likely that transaction costs will rise again. in addition, the need for bitcoin makes prices more expensive, whereas mining no longer produces large amounts of bitcoin assets, however, mining yields will be reduced by half. if the demand for bitcoin increases, this will make prices rise, and many people speculate that the upcoming halving will make the price of bitcoin reached its new ATH.
It's been a long time since people speculates that the price will constantly increase, but it was a failure. Everything went so bad after several changes had broken down the momentum, in which possibly help the demand to rise further. I am still hopeful that bitcoin could reach the new ATH without any problems, and successfully achieve a progressive trend this 2020.
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electronicash
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March 03, 2020, 05:38:59 PM |
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there is no sure way to see how much price will go until it happened already. but its definitely gonna go up as we have see form the beginning of this year. maybe even before halving we will hit to $10k again. the market had dip a lot by how the chart looks but the price did't actually go below $8k so its a good sign. while the price has concrete support level, the halving will make it even stronger when miners aren't going to sell their coins for less.
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kentrolla
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March 04, 2020, 07:26:29 PM |
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There's no guarantee of any results in crypto, so far in 2020 the price of BTC has not shown any inverse correlation. Due to the outbreak of corona virus across asia and many other countries investors have started to sell their assets, if the BTC price does not increase effectively after the halving then I don't think this year could end up with a massive change.
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Oceat
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March 04, 2020, 11:51:26 PM |
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It seems like almost everyone are worried about of the Bitcoin halving and the current trend epidemic that almost everyday I read this kind of thread. As long as the virus itself is alive I think this kind of question will always gonna pop up somewhere again. The market is just too volatile and the halving will make a great effect on the price of Bitcoin just look at the previous halving on how it acted before the bullish market.
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3996
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sunsilk
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March 05, 2020, 06:14:43 AM |
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How will the Halving affect the miners? According to the laws of demand and supply, the scarcity of the Bitcoin supply will lead to an increase in Bitcoin demand, leading to a rise in prices. Is this only in theory though?
This is not a theory. Logically speaking, this should what's about to happen but as they say, we can't be sure if the same cycle shall happen when halving comes. We don't know what's in the mind of the miners, they play an important role and let's just wait until it comes and remain positive. This is what I got from an article on the Bitcoin Halving and its theoretical effects: https://elitemininginc.com/2020/02/what-is-the-bitcoin-halvingBut I think miners can't afford to proceed on just speculation. Or is that exactly what is going to happen? Seems we are entering the bear market again and we are only a few months away from the Halving We have no idea until we get there, all are speculating unless we finally see the exact moment after the halving. But I'm very much positive just like what happened in the past but we can't compare it there and it's not the exact proportion of the situation.
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Barbut
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March 05, 2020, 08:42:30 AM |
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Here on the forum, we all know what the economy says on this when supply goes down and demand goes up the price should rise. We will be here and we will see the effects of the halving, not just on Bitcoin, on the entire crypto market. We need to be patient and we will see, and normally if you believe in positive outcome you will invest in crypto now and wait for it, if you believe in negative outcome you will see what you have and you will buy gold. It' can be a life-changing decision, it can lift you up or drop you on the bottom, are you ready to risk?
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el kaka22
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March 05, 2020, 05:29:00 PM |
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Certainly there will be some affects but sometimes I do wonder if we are over exaggerating the affects of bitcoin as well. All of us here are looking at bitcoin halving like something that would literally save us from bear and suddenly make things more and more expensive because miners will want it that way but do we really know miners have that kind of power?
I mean sure they do have some but remember the bitcoin cash times? They wanted to move bitcoin to another direction but failed to do it so now they have a hard fork of bitcoin instead. So, if they weren't powerful enough to change bitcoin to their direction, why would they be able to change the price of it to where they want as well? On contrary they will be always forced to sell their coins to cover the costs as well.
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thirdlight
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March 05, 2020, 06:25:13 PM |
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Of course, Bitcoin's halving will have a positive impact on Bitcoin's price, but also if Bitcoin starts to grow, the rest of the market will start to grow along with it.
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bitbunnny
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March 06, 2020, 09:54:03 AM |
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There are so many discussions already on that subject. To my opinion people are having too big expectations from halving and think that will produce some huge price jump similar to those at the end of 2017. Some positive effects will happen but not in such big extend and probaly the impact will not have a long term impact. That is my opinion but I allow the option to be surprised at the end, hope in positive way.
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Taskford
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March 06, 2020, 10:22:56 AM |
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There are so many discussions already on that subject. To my opinion people are having too big expectations from halving and think that will produce some huge price jump similar to those at the end of 2017. Some positive effects will happen but not in such big extend and probaly the impact will not have a long term impact. That is my opinion but I allow the option to be surprised at the end, hope in positive way.
And because of 2017 effect many people speculates that there's something big gonna happen on these halving year but unfortunately we cannot experience that on some matter since there still a big threat on the economy and yet many people cannot participate to buy bitcoins these days but lets just hope that there's a positive news and all worried from those affected country will be taken away.
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Tokenized0000
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March 25, 2020, 11:32:26 AM |
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Well if we are going to trace back btc halving history, it clearly we see an increased in btc price and in mining block rewards but we can't say that history always repeats itself all the time.
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fabiorem
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March 25, 2020, 01:55:06 PM |
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The halving will cut the difficulty by half, thus making mining more easy to miners. This, however, will make them cut the electricity costs by half, which will make the price fall to 1/4 of current cost (half doubled = 1/4). The current cost is $8k, so the price will be cut to $4k after the halving of the difficulty, then $2k after the halving of electricity costs. There is a third factor which is the derivatives casino, which will cut the price by half again, thus sub-1000 levels will be the price six months after halving.
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carlisle1
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March 25, 2020, 01:57:52 PM |
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The effect of halving will change this time because of the worldwide effect of this pandemic problem.
Yeah halving always bring best chance not only for miners but the whole crypto market in the last 2 events we’ve had before.
But now?look at the market more than 1 month before this awaited event,see whats happening?the flow of the market seems no concrete direction,though staying in 6$k level yet no good sign of increasing or decreasing.
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